MEED Insights: Saudi Arabia Projects, H2 2018

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Published: June 30, 2018 Report Code: GDMD0009OG-ST

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With more than $1.4tn worth of major projects planned or underway, Saudi Arabia is the biggest projects market in the region, accounting for almost half of the entire GCC projects market. Driven by rapid population growth and surging demand for all kinds of goods and services, ranging from consumer products, to electricity and healthcare services, to infrastructure, the kingdom’s projects sector is nearly double the size of the region’s next biggest projects market, the UAE.

Despite its size however, Saudi Arabia has over the past three years proved to be an extremely challenging place in which to do business as Riyadh has slashed spending in order to get its finances in order following the crash in oil prices from June 2014 to January 2016. Business in the kingdom has faced major disruption as the country rolls out social and economic reforms.

But has turned a corner in 2018. The recovery in oil prices accompanied by the launch of a series of megaprojects, including the $500bn Neom future city project, marks a new era for the Saudi economy under King Salman bin Abdulaziz al-Saud. One that promises wonderful investment and business opportunities. But one that also introduces significant changes to the Saudi market.

We are seeing significant changes to the direction of projects in the kingdom. Saudi Aramco has shifted its focus on to downstream integration and petrochemicals. While the Public Investment Fund has emerged as the new powerhouse project sponsor driving construction projects. And new legislation is set to boost plans for public private partnerships (PPP) in the kingdom.

Written by MEED, the Middle East market experts within the GlobalData Group, the world’s leading authority on business in the Middle East. It provides a comprehensive and up-to-date analysis of the Saudi projects market. Covering the core sectors of the economy including oil & gas, petrochemicals, power, construction, water, manufacturing and transport. It is a powerful resource for anyone seeking to identify opportunities, understand risks and set strategy in Saudi Arabia’s projects market.

Scope

NA

Reasons to Buy

Opportunities and challenges in the kingdom’s projects market

Analysis of the pipeline of planned projects and contract awards 2018-2022

Key policies and drivers shaping the outlook for projects in Saudi Arabia

Political and economic background

The barriers and challenges that may arise

Sector-by-sector breakdown of future project plans

Key drivers of projects in each sector

Saudi Arabia’s most valuable key projects and major project sponsors

Table of Contents

Table of Contents

Executive Summary

Country Overview

Projects Market

Oil & Gas

Construction

Transport

Industrial

Power & Water

Table

List of Tables

Table 1: Saudi Arabia economic indicators, 2018

Table 2: Biggest megaprojects under construction in Saudi Arabia($m)

Table 3: Major projects to be tendered in 2018 and 2019($m)

Table 4: Biggest oil and gas megaprojects under construction in Saudi Arabia($m)

Table 5: Major oil and gas projects to be tendered in 2018 and 2019 ($m)

Table 6: Biggest construction megaprojects under construction in Saudi Arabia($m)

Table 7: Major construction projects to be tendered in 2018 and 2019($m)

Table 8: Biggest transport megaprojects under construction in Saudi Arabia($m)

Table 9: Major transport projects to be tendered in 2018 and 2019($m)

Table 10: Biggest industrial megaprojects under construction in Saudi Arabia($m)

Table 11: Major industrial projects to be tendered in 2018 and 2019($m)

Table 12: Biggest power and water megaprojects under construction in Saudi Arabia($m)

Table 13: Major power and water projects to be tendered in 2018 and 2019($m)

Figures

List of Figures

Fig. 1: Saudi Arabia country map

Fig. 2: GDP by sector, 2017 (%)

Fig. 3: Nominal GDP ($bn) versus annual real GDP growth (%)

Fig. 4: Saudi Arabia current account balance, 2014-20

Fig. 5: Saudi Arabia budget, 2009-18 (SR bn)

Fig. 6: Gross official reserves, 2014-19 ($bn)

Fig. 7: Saudi Arabia gross government debt, 2014-20

Fig. 8: Value of all projects planned or underway ($m)

Fig. 9: Breakdown of projects market by project status($m)

Fig. 10: Breakdown of projects market by sector (%)

Fig. 11: Value of contract awards by year ($m)

Fig. 12: Value of contract awards by year and sector($m)

Fig. 13: Biggest clients in Saudi Arabia by contracts under execution ($m)

Fig. 14: Biggest contractors in Saudi Arabia by contracts under execution ($m)

Fig. 15: Projects planned but unawarded by status($m)

Fig. 16: Projects planned but unawarded by sector($m)

Fig 17: Saudi Arabia contract award forecast, 2018-22 ($m)

Fig. 18: Oil and gas projects market by project status($m)

Fig. 19: Oil and gas projects market by subsector (%)

Fig. 20: Value of contract awards by year ($m)

Fig. 21: Value of contract awards by year and subsector ($m)

Fig. 22: Biggest clients in Saudi Arabia’s oil and gas sector by contracts under execution ($m)

Fig. 23: Biggest contractors in Saudi Arabia’s oil and gas sector by contracts under execution ($m)

Fig. 24: Projects planned but unawarded by status($m)

Fig. 25: Projects planned but unawarded by subsector($m)

Fig. 26: Saudi Arabia oil and gas contract award forecast, 2018-22 ($m)

Fig. 27: Construction projects market by project status($m)

Fig. 28: Construction projects market by subsector (%)

Fig. 29: Value of contract awards by year($m)

Fig. 30: Value of contract awards by year and subsector($m)

Fig. 31: Biggest clients in Saudi Arabia’s construction sector by contracts under execution ($m)

Fig. 32: Biggest contractors in Saudi Arabia’s construction sector by contracts under execution ($m)

Fig. 33: Projects planned but unawarded by status ($m)

Fig. 34: Projects planned but unawarded by subsector ($m)

Fig. 35: Saudi Arabia construction contract award forecast, 2018-22 ($m)

Fig. 36: Transport projects market by project status ($m)

Fig. 37: Transport projects market by subsector (%)

Fig. 38: Value of contract awards by year ($m)

Fig. 39: Value of contract awards by year and subsector($m)

Fig. 40: Biggest clients in Saudi Arabia’s transport sector by contracts under execution ($m)

Fig. 41: Biggest contractors in Saudi Arabia’s transport sector by contracts under execution ($m)

Fig. 42: Projects planned but unawarded by status($m)

Fig. 43: Projects planned but unawarded by subsector($m)

Fig. 44: Saudi Arabia transport contract award forecast, 2018-22 ($m)

Fig. 45: Industrial projects market by project status($m)

Fig. 46: Industrial projects market by subsector (%)

Fig. 47: Value of contract awards by year($m)

Fig. 48: Value of contract awards by year and subsector($m)

Fig. 49: Biggest clients in Saudi Arabia’s industrial sector by contracts under execution ($m)

Fig. 50: Biggest contractors in Saudi Arabia’s industrial sector by contracts under execution ($m)

Fig. 51: Projects planned but unawarded by status($m)

Fig. 52: Projects planned but unawarded by subsector($m)

Fig. 53: Saudi Arabia industrial sector contract award forecast, 2018-22 ($m)

Fig. 54: Power and water projects market by project status($m)

Fig. 55: Power and water projects market by subsector (%)

Fig. 56: Value of contract awards by year($m)

Fig. 57: Value of contract awards by year and subsector($m)

Fig. 58: Biggest clients in Saudi Arabia’s power and water sector by contracts under execution ($m)

Fig. 59: Biggest contractors in Saudi Arabia’s power and water sector by contracts under execution ($m)

Fig. 60: Projects planned but unawarded by status($m)

Fig. 61: Projects planned but unawarded by subsector($m)

Fig. 62: Saudi Arabia power and water contract award forecast, 2018-22 ($m)

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